Oil and natural gas, shipping sectors open higher, with China National Petroleum Corporation Engineering, Intercontinental Oil & Gas, Petrochemical Oilfield Services, CNOOC Services, COSCO Shipping Energy, and China Merchants South Oil all hitting the daily limit. On the news front, the Iranian Islamic Revolutionary Guard Corps announced on February 28 local time that they have closed the Strait of Hormuz, and shipping in the area has now come to a halt.
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Oil and natural gas, shipping sectors open higher, with Intercontinental Oil & Gas and COSCO Shipping Energy stocks hitting the daily limit.
Oil and natural gas, shipping sectors open higher, with China National Petroleum Corporation Engineering, Intercontinental Oil & Gas, Petrochemical Oilfield Services, CNOOC Services, COSCO Shipping Energy, and China Merchants South Oil all hitting the daily limit. On the news front, the Iranian Islamic Revolutionary Guard Corps announced on February 28 local time that they have closed the Strait of Hormuz, and shipping in the area has now come to a halt.